Corient Private Wealth LP acquired a new stake in shares of Gartner, Inc. (NYSE:IT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,342 shares of the information technology services provider's stock, valued at approximately $1,600,000.
Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC purchased a new position in Gartner in the 4th quarter valued at about $309,000. Sivia Capital Partners LLC acquired a new position in shares of Gartner during the second quarter valued at approximately $336,000. Cresset Asset Management LLC raised its holdings in shares of Gartner by 15.2% during the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider's stock valued at $585,000 after acquiring an additional 191 shares during the last quarter. Sei Investments Co. lifted its position in shares of Gartner by 9.2% in the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider's stock valued at $36,867,000 after acquiring an additional 7,678 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Gartner by 111.5% in the second quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider's stock valued at $38,523,000 after acquiring an additional 50,251 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.
Insider Buying and Selling
In related news, EVP Yvonne Genovese sold 1,205 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the sale, the executive vice president owned 6,208 shares of the company's stock, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Robin B. Kranich sold 3,278 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $196.50, for a total transaction of $644,127.00. Following the sale, the executive vice president owned 20,358 shares of the company's stock, valued at approximately $4,000,347. The trade was a 13.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 6,043 shares of company stock valued at $1,172,858 over the last 90 days. Insiders own 2.60% of the company's stock.
Gartner Price Performance
IT stock opened at $195.50 on Friday. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50 day simple moving average of $162.96 and a 200-day simple moving average of $157.21. The firm has a market capitalization of $12.35 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 0.64 and a beta of 0.96. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $265.85.
Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $3.76 by $0.61. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities research analysts anticipate that Gartner, Inc. will post 14.42 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Weiss Ratings upgraded Gartner from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 13th. Morgan Stanley set a $177.00 price objective on Gartner in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. Truist Financial set a $205.00 target price on shares of Gartner in a report on Wednesday, August 5th. Finally, BMO Capital Markets decreased their price target on shares of Gartner from $214.00 to $206.00 and set a "market perform" rating on the stock in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $187.30.
View Our Latest Analysis on IT
Gartner Company Profile
(
Free Report)
Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.
The company's offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.
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